18 - 22/10/2021 XAUUSD Weekly High/Low
High and low of the week.
Typical structure SELL SELL * BUY BUY, anatomy of a candle.
See how price behave:
1. High and low & round number 55, 00
2. Monday & Wednesday beware of HIGHLOW/PEAK (see Daily structure)
-Monday only trade align with Weekly Bias
-Tuesday of this week is ENGULF at Daily chart, thus, Wednesday bullish.
3. Beware of timing factor, max 3 hrs to move, else cut loss (not necessarily)
4. Always pending order for entry
5. XAUUSD always moves 50-100pips, XAUEUR 25-50pips in box
6. Entry candle always pinbar to stophunt, engulf to lock the H/L or RAILROAD
7. Correlate opportunity to XAUEUR
8. SL don't too tight, let some just breath
Typical structure SELL SELL * BUY BUY, anatomy of a candle.
See how price behave:
1. High and low & round number 55, 00
2. Monday & Wednesday beware of HIGHLOW/PEAK (see Daily structure)
-Monday only trade align with Weekly Bias
-Tuesday of this week is ENGULF at Daily chart, thus, Wednesday bullish.
3. Beware of timing factor, max 3 hrs to move, else cut loss (not necessarily)
4. Always pending order for entry
5. XAUUSD always moves 50-100pips, XAUEUR 25-50pips in box
6. Entry candle always pinbar to stophunt, engulf to lock the H/L or RAILROAD
7. Correlate opportunity to XAUEUR
8. SL don't too tight, let some just breath
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